Julia Blunden Sells 2,289 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Inc. (NASDAQ:NXT) Director Julia Blunden sold 2,289 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $97.22, for a total value of $222,536.58. Following the sale, the director owned 7,415 shares in the company, valued at approximately $720,886.30. The trade was a 23.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Nextpower Stock Down 1.4%

Shares of NASDAQ:NXT traded down $1.38 during trading on Thursday, hitting $98.43. The stock had a trading volume of 3,309,336 shares, compared to its average volume of 2,495,296. Nextpower Inc. has a 12-month low of $52.61 and a 12-month high of $163.13. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.96 and a beta of 1.95. The stock has a 50-day simple moving average of $115.33 and a two-hundred day simple moving average of $116.37.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.05 by $0.15. The business had revenue of $935.17 million during the quarter, compared to analysts’ expectations of $935.39 million. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. As a group, sell-side analysts forecast that Nextpower Inc. will post 3.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on NXT. Royal Bank Of Canada lowered their price target on shares of Nextpower from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Robert W. Baird lifted their price objective on Nextpower from $133.00 to $156.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Roth Capital restated a “buy” rating and issued a $175.00 target price on shares of Nextpower in a research note on Tuesday, July 28th. The Goldman Sachs Group restated a “buy” rating and issued a $168.00 target price on shares of Nextpower in a research note on Wednesday, July 1st. Finally, Wolfe Research restated an “outperform” rating and issued a $160.00 price objective on shares of Nextpower in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Nextpower currently has an average rating of “Moderate Buy” and a consensus target price of $146.12.

Institutional Investors Weigh In On Nextpower

Institutional investors have recently modified their holdings of the business. Wedge Capital Management L L P NC increased its stake in shares of Nextpower by 20.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 600,671 shares of the company’s stock valued at $71,564,000 after purchasing an additional 100,186 shares in the last quarter. E. Ohman J or Asset Management AB boosted its position in Nextpower by 26.5% during the second quarter. E. Ohman J or Asset Management AB now owns 50,098 shares of the company’s stock worth $5,969,000 after purchasing an additional 10,500 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new position in Nextpower during the second quarter worth approximately $684,000. Polianta Ltd acquired a new stake in Nextpower in the second quarter valued at approximately $1,763,000. Finally, MRA Advisory Group acquired a new stake in Nextpower in the second quarter valued at approximately $715,000. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: GLJ Research reaffirmed its Buy rating and assigned a $149 price target, implying significant potential upside from recent trading levels. Benzinga coverage
• Positive Sentiment: Northland Securities maintained an Outperform rating and a $162 target. Its estimates call for $3.81 in fiscal 2027 EPS and $4.40 in fiscal 2028 EPS, both indicating continued earnings growth. Nextpower analyst coverage
• Positive Sentiment: Nextpower’s latest reported quarter exceeded analyst expectations on EPS, with $1.20 versus the $1.05 consensus, providing a supportive backdrop for the bullish ratings.
• Neutral Sentiment: Recent coverage involving Citigroup appears mixed: one report described a Buy recommendation, while another characterized Citi’s forecast as pessimistic. The conflicting headlines may add uncertainty for investors. Citi Buy coverage Citi forecast report
• Negative Sentiment: Northland reduced its estimates for Q4 2027 EPS to $0.91 from $1.01, Q1 2028 EPS to $1.01 from $1.06, Q2 2028 EPS to $1.15 from $1.20, Q4 2028 EPS to $1.07 from $1.09, and fiscal 2028 EPS to $4.40 from $4.48. These cuts likely weighed on sentiment despite the unchanged Outperform rating.

Nextpower Company Profile

Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators.

In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance.